Yep, what will happen is business owners will deliberately drive their businesses into the ground Kamikaze style while removing assets under the table. Induced bankruptcy.

France just commited harakiri. New hiring will be absolutely eliminated. It seems that Tsing Tao was right, France is going to quickly crater. Its too bad because they were doing pretty well with alot of products on US and UK store shelves. I am surprised at the stupidity of the new French government leadership.

The terms and conditions vary by automaker, because each labor contract is different. But GM factory workers who get laid off start out at "sub pay," in which they receive unemployment benefits, and GM pays the difference, up to most of their salary, for 48 weeks.

After that, laid-off employees go into the jobs bank, where they have the option of taking 85 percent of their base pay -- which averages almost $62,000 a year -- plus benefits, without reporting to work. In the meantime, the company tries to find them jobs elsewhere.

Or workers can get 100 percent of their pay by reporting to either the union hall or the plant, where they may be called upon to perform tasks around the factory or sometimes community service work.

But if there isn't anything to do, workers simply stay at the union hall or factory and find ways to pass the time.

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Granted things may have changed but the point being, nothing new here..